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VOL. 124 | NO. 4 | Wednesday, January 7, 2009

Herenton Eschews Tax Hike, Says Consolidation Likely After He Leaves Office

Mental Health Law May Affect Local Businesses

Mental health professionals welcome a new federal law intended to expand access to the care they provide, but some worry that the legislation could have a reverse effect.

Bailout Questions Remain in ’09

Back in October, U.S. Sen. Bob Corker, R-Tenn., stood before an audience of bankers, civic leaders and businesspeople at the University of Memphis and defended his vote for the Emergency Economic Stabilization Act of 2008.

Gov’t Projects $6.5M In Bailout Costs Through Jan.

WASHINGTON (AP) – The government estimated Tuesday that it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program.

Study to Gauge Airport’s Economic Impact

Seeing the FedEx planes line the Memphis sky each night or driving past the city’s countless distribution centers are reminders that Memphis International Airport plays a prominent role in the city’s economy.

Local Weather
Memphis, TN
Wind: Southeast at 3.5 mph
Humidity: 59%


Talk Shoppe will present “Plan for Small Business Success in 2009” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. Business coach Mark van Stolk of Calaveras Business Coaching LLC will speak. The event is free. For more information, call 753-3753.

more events »

McDowell Named Radiology Director At Methodist University Hospital

Tina McDowell has been promoted to director of radiology at Methodist University Hospital. She served as the manager of diagnostic radiology at MUH for the past six years.

US Service Sector Improves Slightly in Dec.

WASHINGTON (AP) - A measure of the U.S. services sector improved slightly in December, beating analysts' estimates, but pending home sales and factory orders both fell more than expected and the overall economic outlook remains grim.

Economic Crisis, Obama Response Face New Congress

WASHINGTON (AP) - The new Congress opened for business at the stroke of noon on Tuesday, eager to join President-elect Barack Obama in tackling the worst economic crisis in generations. Democrats celebrated last fall's election gains in the House and Senate.

Treasury Provides $15B from Bailout Pot to 7 Banks

WASHINGTON (AP) - The government said Monday it had supplied another $15 billion to seven U.S. banks in the latest round of payments from the $700 billion rescue fund.

UPS Head of US Package Operations Retiring

ATLANTA (AP) - The head of UPS Inc.'s U.S. package operations is retiring and will be replaced by a company executive who oversees regional operations in Canada and all of Latin America, the world's largest shipping carrier said Tuesday.

Nucor Falls as Analyst Downgrades Stock, Cuts EPS

HARTFORD, Conn. (AP) - Shares of Nucor Corp. fell sharply Tuesday as an analyst cut her profit estimates and downgraded the steel maker, which she said has little room for margin expansion in a shrinking market.

US Auto Sales Drop in 2008, Recovery Unclear

DETROIT (AP) - After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a recovery might occur.

Skinheads: State Says Hearing on Plot Wastes Time

JACKSON, Tenn. (AP) - Federal prosecutors in West Tennessee say two men charged with threatening President-elect Barack Obama are wasting time with claims they were improperly indicted.

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PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191

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